Match List – I with List – II.
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LIST - I |
LIST - II |
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A. Compulsory Dissolution |
I. With the consent of all partners |
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B. Dissolution by Court |
II. In case of partnership at will |
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C. Dissolution by Notice |
III. When a partner becomes insane |
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D. Dissolution by Agreement |
IV. When the business of the firm becomes illegal |
Choose the correct answer from the options given below.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → A-IV, B-III, C-II, D-I
(A) Compulsory Dissolution — this matches (IV) When the business of the firm becomes illegal. The law itself ends the firm; no agreement or court order is needed.
(B) Dissolution by Court — this matches (III) When a partner becomes insane. Insanity of a partner is a ground on which a partner can ask the court to dissolve the firm.
(C) Dissolution by Notice — this matches (II) In case of partnership at will. Any partner may end such a partnership by notice in writing.
(D) Dissolution by Agreement — this matches (I) With the consent of all partners.
NCERT (2026-27 edition):
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